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STORY HIGHLIGHTS

The nine winners of the 2014 India Development Marketplace (DM) were announced today by the World Bank Group, receiving grant funding up to US$150,000.

The winners will also have access to capacity development programs to help "scale and replicate" their programs in states of Assam, Mizoram, and Meghalaya in northeastern India. Three organizations will receive US$25,000 in capacity building programs from the DM.

The 2014 India Development Marketplace was launched in early February this year and received more than 200 applications from organizations.

June 19, 2014―The nine winners of the 2014 India Development Marketplace (DM) were announced today by the World Bank Group. These nine organizations will receive grant funding up to US$150,000 and have access to capacity development programs to help them "scale and replicate" their programs in states of Assam, Mizoram, and Meghalaya in northeastern India. Additionally, three organizations will receive US$25,000 in capacity building programs from the DM. The winners were announced in an awards ceremony in Guwahati, Assam, where the 2014 grantees were honored by the World Bank Group’s India Country Director, Onno Ruhl, and the Regional Head of South Asia Inclusive Business Models Group of the International Finance Corporation, Anil Sinha.

The 2014 India Development Marketplace was launched in early February this year and received more than 200 applications from organizations who aim to better the lives of millions of the poorest people living in the North East of India. After an initial review by the DM team, 29 assessors from The World Bank Group, the IFC, and external organizations such as the YES Bank, Lok Capital, Ennovent, DFID, and others were chosen to evaluate the remaining proposals. After this vigorous assessment process, 20 proposals were selected for due diligence and site visits that were conducted by 11 assessors using a standardized capacity assessment tool that allowed the team to collect and systematize structured qualitative data (a methodology aligned and comparable to approaches developed by Global Social Benefit Institute (GSBI) and McKinsey).

Finalists were then evaluated on the clarity of their social mission, achievement of outcomes and impact, operational capabilities, quality of partnerships, financial management sustainability, and adaptability to scale. It was through this process that nine organizations were selected to receive USD150,000 in grant funding and capacity development services, and three were selected to receive USD 25,000 in capacity development activities.

The 2014 granting process will continue throughout the next 24 months and include a number of capacity development programs. The DM team will also provide a number of networking possibilities so that our grantees will be armed with the skills and network necessary to ease the suffering of marginalized societies and do their part in the struggle to end poverty.

Its very good step to improve the life of the poorest. Everyone has a basic right to live life at the optimum level, certainly not at the luxury level. This is a very welcome step. I understand that they will be made independent for good earning. They are taught how to make and market the products which can fetch them a good money to self sustain for ever.

Posted by Dr P K BajajSeptember 30, 20146:59 PM

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